1. Prepare before you list
a. Determine what needs to be painted, cleaned, repaired or tossed out. It’s important to look at the home through the eyes of a buyer and envision yourself as the one purchasing the property.
b. Typically, the marketplace is more active throughout the summer because parents want to have the home before enrolling their children into the school year (usually around August).
c. Cosmetic improvements such as paint, wallpapers, landscaping, and staging help a home show better and are a good investment.
2. Find a Realtor
a. In the maze of contracts, financing, inspections, marketing, pricing, and negotiating, having a knowledgeable real estate professional who knows the community will help you to sell the home in the shortest amount of time while maximizing your profit. Allow me to show you the differences between Elliot Lee and the rest.
3. Setting the right price
a. The home selling process is a mixture of science and art, and not one real estate is the same they are all unique and are worth their own prices. There are several factors will determine how much you can get for your home including the location, current market conditions, unique features, amenities, size and interest rates.
4. Market your home with the right marketing plan
a. Your adviser should share what their marketing plans is in order to get your home sold. Where are they going to utilize the best resources to get the most exposure for your property? Elliot Lee can help you by creating a customized marketing plan with effective marketing techniques catered to the distinctions of your home to allow maximum exposure to properly sell your property.
5. Negotiating an offer
a. Negotiations is a complex matter, and all transactions are unique. Both buyers and sellers want to feel that the outcome favors them, or at least see a fair balance of interest. See if it’s a “buyer’s” or “seller’s” market, if you’re a buyer, being in a buyer’s market produces advantages as there are high inventory and low demand.
a. Beware of the contingencies that will impact you. Most transactions include home inspections, so you will need to have your home available to the inspector and then negotiate with buyers about anything the inspection turns up. Another important aspect to closing is the appraisal. In some cases homes appraisal come higher than the sales price, if this happens you know you can breathe and know that the property is for sale less than the market value. However in most cases, appraisals come in lower than the sales price, when this happens lenders will limit your loan to a lower value. The buyer may have to come up with additional cash. It is important to consult your Realtor for best advice on how to handle this situation.
7. Plan your move when you list your home
a. Once you decided to sell your home your moving plans should begin. For example, by cleaning the closets, basement, and attic, there will be less to do once the home is under contract. Which mover should you choose? I can help set you up with a couple of reputable moving companies that are certified to handle your items with care.
i. Your planning will be guided by a number of things
1. Are you moving long distance? If yes, you’ll likely need an interstate mover and the use of a large van
2. Planning is key, stock up on boxes, packing materials, tape and markers. Always mark the boxes so that movers will know where goods should be placed.